DLBS News and Press, Barclays Bank PLC ZC SP ETN REDEEM 13/08/2020 USD 50 - Ser A 06740L444 From 06/27/19

By Schwab Center for Financial Research In the first half of 2019, major stock indexes including the S&P 500® reached new highs, yet the outlook for global economic growth softened. Recession risk has risen, and rising tariffs have created even more uncertainty. We believe a few...

By Kevin Flanagan, Head of Fixed Income Strategy After a Federal Reserve (Fed) meeting like the one last week, it's always prudent to take a step back and let the dust settle, don't you think? Certainly, a great deal of "post-game" analysis has already occurred, and we have even seen eco...

So we have to make a distinction. If the Fed launches a fresh policy of extraordinary easing in the next downturn, the appropriate response will depend on whether market internals indicate that investors are inclined toward speculation, or whether they are inclined toward risk aversion. The c...

Last week, for the first time since February 2008, the LIBOR curve inverted. The 3-month tenor has been on the move downward for some time. The 1-month rate has been gentler in its slope. Last Thursday, the two finally crossed. As unnatural as inversion in the UST curve or elsewhere, it's an...

Low inflation may sound appealing, but as Russ explains, it has drawbacks for investors. By any account, the U.S. equity market is having a stellar year. Stocks have benefited from easier financial conditions, which have in turn pushed up market multiples. By a happy coincidence, gains in ...

By Ryan McMaken Money supply growth inched up in May, rising slightly above March's and April's growth levels. But overall growth levels remain quite low compared to growth rates experienced from 2009 to 2016. March's growth rate, for examples, was at a 12-year (145-month) low. In May,...

Housing Starts Housing starts rose in May to an annual rate of 1.269 million, which was better than expected, with upward revisions to the prior two months that totaled 77,000. The strength is in multi-family units, which were up 13.7% year over year. Single-family home building starts wer...

Editor's note: Originally published at tsi-blog.com on June 25, 2019. [This post is a slightly modified excerpt from a TSI commentary published about two weeks ago.] The way that most new money was created over the past 10 years was different to how it was created during earlier cycl...

It's difficult a lot of times to easily and succinctly describe what's going on inside a monetary system that: 1. Spans the entire world, easily jumping across if not erasing geographical boundaries. 2. Is located in the shadows, leaving us with no direct data or statistics. 3. Often works in ...

The big news last week was the Federal Open Market Committee (FOMC) statement on Wednesday, which removed the word "patient" and set the Fed up for potential 0.25% key interest rate cuts at its July and/or September FOMC meetings. Interestingly, the FOMC statement also acknowledged that there ...